Critical Technical Report Published for Bitcoin and Ethereum: Here’s What You Need to Know

Cryptocurrency analysis company Glassnode evaluated the current developments in the cryptocurrency markets in its latest report.

According to the report, Bitcoin’s recent strong price performance has led to significant improvements in investor portfolios, leading many investors to take steps toward risk reduction and profit taking.

Glassnode reported that driven by these new capital inflows, Bitcoin’s Realized Cap has reached an all-time high above $900 billion for the first time, marking a major turning point in the asset’s history.

Bitcoin rose to $107,000 in the past days and today according to Binance TR data, approaching its all-time high (ATH) of $109,000, which it reached in December 2024. This rise triggered new capital inflows into the market, paving the way for the Realized Market Value to break its historical record.

The report also noted that short-term investors have seen one of the sharpest increases in profitability in recent times. This group of investors has seen a significant increase in spending, with a daily realized profit of $747 million and a total of $11.4 billion in the last 30 days.

Apart from Bitcoin, Ethereum’s price has also seen a significant increase in recent weeks. It was stated that this increase could be related to the positive atmosphere created by the successful Pectra upgrade that took place on May 7. Ethereum has shown statistically significant increases on a daily basis several times. In particular, the single-day increase of 21.8% attracted attention as the strongest increase since May 2021.

Glassnode identified the $2,400 to $2,900 range as a critical resistance zone and potential breakout level for Ethereum, noting that staying above this level is important for the continuation of the uptrend.

*This is not investment advice.

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